Hot Listing
Asking $3.2M: Two (2) Franchise Laundromats available, sold as pair
Start-Up Description
Houston, TX: Stores are ready to open in 30 days or less
We are selling two franchise spec stores that have been fully outfitted and fast tracked to open in 30 days or less.
Becoming a franchisee is REQUIRED
Speed Queen® Laundry Franchise:
A better business model for laundromats.
As a leader in commercial laundry, Speed Queen understands the industry from the inside out. While we have been making world-class laundry equipment since 1908, we are much more than a manufacturer.
From advanced controls and cloud-based management platforms to laundry-focused financing and hundreds of Speed Queen Laundry stores around the world, Speed Queen technology makes the business of laundry more efficient, accessible and advantageous.
And now we’ve taken one of the few remaining fragmented industries and transformed it into a growing global laundry brand.
STORE #1
4000 sq ft
8 Speed Queen 20 LB Quantum
Touch Washers
18 Speed Queen 40 LB Quantum
Touch Washers
4 Speed Queen 60 LB Quantum
Touch Washers
4 Speed Queen 80 LB Quantum
Touch Washers
14 Speed Queen 45 LB Quantum
Touch Stack Tumble Dryers
4 Speed Queen 75 LB Quantum
Touch Single Tumble Dryers
STORE #2
3750 Sq Ft
8 Speed Queen 20 LB Quantum
Touch Washers
18 Speed Queen 40 LB Quantum
Touch Washers
4 Speed Queen 60 LB Quantum
Touch Washers
4 Speed Queen 80 LB Quantum
Touch Washers
14 Speed Queen 45 LB Quantum
Touch Stack Tumble Dryers
4 Speed Queen 75 LB Quantum
Touch Single Tumble Dryers
REQUIREMENTS:
$5M in net worth
$300k in cash available
MUST have prior entrepreneurial experience (dry cleaning, car wash or multi-unit franchise experience is preferred)
Becoming a franchisee is REQUIRED
Speed Queen® Laundry Franchise:
A better business model for laundromats.
As a leader in commercial laundry, Speed Queen understands the industry from the inside out. While we have been making world-class laundry equipment since 1908, we are much more than a manufacturer.
From advanced controls and cloud-based management platforms to laundry-focused financing and hundreds of Speed Queen Laundry stores around the world, Speed Queen technology makes the business of laundry more efficient, accessible and advantageous.
And now we’ve taken one of the few remaining fragmented industries and transformed it into a growing global laundry brand.
STORE #1
4000 sq ft
8 Speed Queen 20 LB Quantum
Touch Washers
18 Speed Queen 40 LB Quantum
Touch Washers
4 Speed Queen 60 LB Quantum
Touch Washers
4 Speed Queen 80 LB Quantum
Touch Washers
14 Speed Queen 45 LB Quantum
Touch Stack Tumble Dryers
4 Speed Queen 75 LB Quantum
Touch Single Tumble Dryers
STORE #2
3750 Sq Ft
8 Speed Queen 20 LB Quantum
Touch Washers
18 Speed Queen 40 LB Quantum
Touch Washers
4 Speed Queen 60 LB Quantum
Touch Washers
4 Speed Queen 80 LB Quantum
Touch Washers
14 Speed Queen 45 LB Quantum
Touch Stack Tumble Dryers
4 Speed Queen 75 LB Quantum
Touch Single Tumble Dryers
REQUIREMENTS:
$5M in net worth
$300k in cash available
MUST have prior entrepreneurial experience (dry cleaning, car wash or multi-unit franchise experience is preferred)
About the Business
- Facilities & Assets
- With an above average rate of return for below average risk, nearly 94.8%1 of Speed Queen Laundry stores have seen success.
Our advanced solutions and industry-leading technologies make running a laundry business easy. In addition to real estate and construction support, we’ll provide you with operations and marketing playbooks to run your business strategically. Plus, with Speed Queen Insights you can control all of your laundromats from a single website — regardless if you have one or 100 stores. - Market Outlook / Competition
- 54% of laundromats are single-store owners
29,500 laundromats in the US
68% of laundromats have 1-3 employees
$5B in gross revenue annually
77% of laundromats have experienced growth
Laundromats thrive in both periods of economic growth and recession.
About the Sale
- Transition Support
- Training
Before your Speed Queen Store opens for business, we will provide our initial training program to you,
which consist of three components: (1) Self-directed computer-based training, (2) Live classroom training,
and (3) On-the-job training.
You or your Representative or general manager (if you are an entity) must attend our initial training
program. - Financing
- Required $5M net worth, financing up to 80% is available
Listing Info
- ID
- 2374225
- Listing Views
- 7998
Listing ID: 2374225 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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